"Most banks are closed or have limited hours on the weekend, so banks are typically shut down on a Friday to limit disruption for customers.
Oh, is that why?
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Seems like the customer is going to be disrupted no matter which day.
--more--"
A very astute observer wrote in that question:
"FDIC closes Colonial BancGroup" by Marcy Gordon, Associated Press | August 15, 2009
WASHINGTON - Regulators yesterday shut down Colonial BancGroup Inc., a big lender in real estate development that buckled under the collapse of the market. It was the biggest US bank to fail this year, with about $25 billion in assets....
--more--"I'm sure the timing was just coincidence.
